GIOVANE: what changed
What changed
GIOVANE
filed annual accounts (NBB)
Net result for the year
-€240
2023 · €37,068-€37,308
Equity
€627,390
2023 · €627,630-€240
Cash
€0
2023 · €10-€10
Balance sheet total
€853,734
2023 · €883,188-€29,454
Largest movements
Assets
- Receivables within one year -€28,317
down €28,317 (-5.7%), from €492,900 to €464,583
Equity and liabilities
- Current portion of long-term debt -€12,302
down €12,302 (-53.8%), from €22,856 to €10,554
- Debts after one year -€10,249
down €10,249 (-100%), from €10,249 to €0
Income statement
- Write-downs +€60,000
new in 2024: €60,000
- Taxes -€13,559
down €13,559 (-100%), from €13,559 to €0
- Gross operating margin +€12,703
up €12,703 (+16.5%), from €76,997 to €89,700
- Financial charges +€3,124
up €3,124 (+29.1%), from €10,741 to €13,865
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€37,068
Gross operating margin
+€12,703
Depreciation
-€11
Write-downs
-€60,000
Other operating charges
-€435
Financial charges
-€3,124
Taxes
+€13,559
Result 2024
-€240
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€21,324
Investment
€0
Financing
-€21,334
Cash 2023
€10
From operations (derived)
+€21,324
Net result for the year
-€240
Depreciation
+€1,128
Receivables within one year
+€28,317
Trade debts
-€24
Tax, wage and social debts
-€7,857
Financing
-€21,334
Debts after one year
-€10,249
Current portion of long-term debt
-€12,302
Short-term financial debts
+€1,217
Cash 2024
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €883,188 | €853,734 | -€29,454 | -3.3% |
| Fixed assets | 21/28 | €390,279 | €389,151 | -€1,128 | -0.3% |
| Tangible fixed assets | 22/27 | €356,212 | €355,085 | -€1,128 | -0.3% |
| Land and buildings | 22 | €356,212 | €355,085 | -€1,128 | -0.3% |
| Financial fixed assets | 28 | €34,066 | €34,066 | = | 0.0% |
| Current assets | 29/58 | €492,910 | €464,583 | -€28,327 | -5.7% |
| Amounts receivable within one year | 40/41 | €492,900 | €464,583 | -€28,317 | -5.7% |
| Other amounts receivable | 41 | €492,900 | €464,583 | -€28,317 | -5.7% |
| Cash at bank and in hand | 54/58 | €10 | €0 | -€10 | -98.6% |
| Total equity and liabilities | 10/49 | €883,188 | €853,734 | -€29,454 | -3.3% |
| Equity | 10/15 | €627,630 | €627,390 | -€240 | 0.0% |
| Contributions | 10/11 | €551,556 | €551,556 | = | 0.0% |
| Capital | 10 | €551,556 | €551,556 | = | 0.0% |
| Issued capital | 100 | €551,556 | €551,556 | = | 0.0% |
| Reserves | 13 | €163,335 | €163,335 | = | 0.0% |
| Non-distributable reserves | 130/1 | €971 | €971 | = | 0.0% |
| Legal reserve | 130 | €971 | €971 | = | 0.0% |
| Tax-exempt reserves | 132 | €162,364 | €162,364 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,260 | -€87,500 | -€240 | -0.3% |
| Provisions and deferred taxes | 16 | €54,121 | €54,121 | = | 0.0% |
| Deferred taxes | 168 | €54,121 | €54,121 | = | 0.0% |
| Amounts payable | 17/49 | €201,437 | €172,222 | -€29,215 | -14.5% |
| Amounts payable after more than one year | 17 | €10,249 | €0 | -€10,249 | -100% |
| Financial debts | 170/4 | €10,249 | €0 | -€10,249 | -100% |
| Amounts payable within one year | 42/48 | €191,188 | €172,222 | -€18,966 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €22,856 | €10,554 | -€12,302 | -53.8% |
| Financial debts | 43 | €111,074 | €112,291 | +€1,217 | +1.1% |
| Credit institutions | 430/8 | €111,074 | €112,291 | +€1,217 | +1.1% |
| Trade debts | 44 | €12,855 | €12,831 | -€24 | -0.2% |
| Suppliers | 440/4 | €12,855 | €12,831 | -€24 | -0.2% |
| Taxes, remuneration and social security | 45 | €21,416 | €13,559 | -€7,857 | -36.7% |
| Taxes | 450/3 | €21,416 | €13,559 | -€7,857 | -36.7% |
| Other amounts payable | 47/48 | €22,987 | €22,987 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,117 | €1,128 | +€11 | +1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €60,000 | +€60,000 | |
| Other operating charges | 640/8 | €14,512 | €14,947 | +€435 | +3.0% |
| Gross operating margin | 9900 | €76,997 | €89,700 | +€12,703 | +16.5% |
| Operating profit (loss) | 9901 | €61,368 | €13,625 | -€47,742 | -77.8% |
| Financial charges | 65/66B | €10,741 | €13,865 | +€3,124 | +29.1% |
| Recurring financial charges | 65 | €10,741 | €13,865 | +€3,124 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €50,627 | -€240 | -€50,867 | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €13,559 | €0 | -€13,559 | -100% |
| Profit (loss) for the period | 9904 | €37,068 | -€240 | -€37,308 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €37,068 | -€240 | -€37,308 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.